DailyKenn.com — Most Americans will receive $1,400 as part of the federal government's stimulus program beginning later in March, 2021.
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Doing simple math, we calculate that if each of the nation's 328.2 million citizens receives a $1,400 stimulus payment, the total payout should be about $459.48 billion.
However, the stimulus package passed by congress totals $1,900 billion (or $1.9 trillion) leaving over $1.4 trillion for other incentives and programs.
That begs the question: Who will receive the additional $1.4 trillion?
What's more, the $1.9-trillion package will cost each of the nation's citizens about $5,789. That is calculated by dividing $1.9 trillion by 328.2-million Americans.
Similar stimulus programs have been utilized in the past. Franklin Roosevelt's New Deal program could be considered a stimulus package of sorts, utilizing Keynesian economic theory. Similarly, the Third Reich employed a stimulus program to recover Germany's failed economy after World War I.
Excerpted from theepochtimes.com ▼
Republican lawmakers are taking issue with the bill for its excessive spending, arguing that the bill was not directly targeted to providing relief for the CCP (Chinese Communist Party) virus pandemic. Congress had already passed a $900 billion COVID-19 relief bill along with a $1.4 trillion annual federal spending package less than three months ago.
The lawmakers are also concerned that Democrats had moved forward with the bill through a partisan process that contained light input from Republicans.
Senate Democrats had rejected all but three proposed Republican amendments to the bill. Republicans had attempted to add provisions that provided transparency and investigations into COVID-19 nursing home deaths, sought to ensure that schools remained opened half the time for half the students, and provide relief to families that were impacted by the canceled Keystone XL pipeline amid the pandemic.
In a Friday press conference, Sen. Lindsey Graham (R-S.C.), Minority Whip John Thune (R-S.D.), and several other Senate Republicans denounced what they said was a partisan process around passing the relief bill, calling Biden’s previous calls for unity “hollow,” and denouncing the American Rescue Plan as “bloated, wasteful, and partisan.”